'My Parents Bought me an SAT Tutor on our Trip to Europe'

Yes, I once overheard that statement.

Last week NYT's Economix blog had some interesting graphs on the correlation between parental income and SAT scores. In a nut shell: yep, you guessed it, the more your parents make, the better the kids do on the SAT.

UPDATE: Matt Yglesias has a post on these numbers, but adds some interesting OMB data.